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Consumer Behavior in Context of Rural Market
“The heart of India still lies in the villages……..”
Why go Rural?
Why go Rural?
▪ Urban Push Factor– Saturation Stage– Fierce Competition
▪ Rural pull factor– Rising Affordability– Growing Acceptance– Improving Accessibility– Success Stories of Corporations
Size of Rural Markets
▪ FMCG - Rs.65000 crore
▪ Agricultural – inputs - Rs.45000 crore
▪ Durables (long life goods) - Rs.5000 crore
▪ Automobiles (2 & 4 Wheelers) - Rs.8000 crore
▪ Clothes, footwear etc. - Rs.35000 crore
▪ Construction material - Rs.15000 crore
Total - Rs.173000 croreSource: CII Report (2008)
What is Rural Marketing?
Rural Marketing?
▪ It is a process involving activities such as assessing, stimulating and converting the purchasing power to prospects
▪ It is a process with two objectives– Customer satisfaction and enhancement of
standards of living– Reaching Organisation Goals
▪ It involves application of strategies and tools based on understanding of the consumer
▪ It involves design of products and related components of the marketing mix
Why Consumer Behaviour?
Why?
Doing business without Knowing your Consumer is like winking at a pretty girl in
dark.
You only know what you are doing but not the pretty girl.
What are the chances that she will respond ?????
What is Consumer Behaviour?
Consumer Behaviour
(Factors influencing Consumer Behaviour)
▪ How do the marketing and environmental factors, along with his personal characteristics, influence the consumer’s thinking and his decision making process?
(Consumer Decision-Making Process)
▪ What stimulates a consumer to look for product or services?
▪ How does the consumer know about products and services that can fulfil his needs?
▪ How does he consume or use the product or services? What may be his feelings and reaction?
(Buyer Behaviour)
▪ How does the buyer take decision? How does he buy? Where, when and what does he buy?
Factors Influencing Consumer Behavior
Personal
Age and life cycle stage Occupation Economic
Situation Lifestyle Personality and self-concept
SocialReference group Family Roles and status
Environmental FactorTechnological Factors Economic factor Political Factor
CulturalCulture Subculture Social class
Consumer Decision-Making Process
Postpurchase Behavior
Postpurchase Behavior
PurchasePurchase
Evaluation of AlternativesEvaluation
of Alternatives
Information SearchInformation Search
Need RecognitionNeed Recognition
Cultural, Social, Individual and Psychological
Factors affect
all steps
Cultural, Social, Individual and Psychological
Factors affect
all steps
Buyer Behaviour
▪ Other people often influence a consumers purchase decision. The marketer needs to know which people are involved in the buying decision and what role each person plays, so that marketing strategies can also be aimed at these people. (Kotler et al, 1994).
Purchase
Decision
Initiator
Influencer
Decider
Buyer
User
Stimuli (marketer dominated, other)
External search
Memory
Internal search
Exposure
Attention
Comprehension
Acceptance
Retention
Search
Need recognition
Alternative evaluation
Purchase
Outcomes
Dissatisfaction Satisfaction
Individual differences• resources• motivation & involvement• knowledge• attitudes• personality, values, lifestyle
Influences• culture• social class• family• situation
Complete Model of Consumer Behavior
Different Rural Marketing
Strategies in India
Competitive Strategy
Supplier
Substitute products
Product strategy
Escort was the first organization to position its motor cycle “Rajdoot” as one that could cope with the rugged terrain of rural India “Jandaar Sawari Shandar Sawari” which was successful in the market.
Understanding of valued product
Value consciousness is big driver for the rural market, consumers are extremely aware of equation of price, quality and image
Eat healthy think better
Swast khao tan man jagao
Pricing strategy
Paanch strategy.
Rs 2 strategy
Communication strategy
Communication in regional languages or Using Regional Motivator
Outdoor Media options
Shampoo Demonstration
Dalda Vanaspathi Demonstration
Click icon to add picture
Thank You!